AMD's $665M Silo AI Acquisition Strengthens AI Hardware Push Amid $1.03T Big Data/AI Forecast

AMD bought Silo AI for $665 million to strengthen its AI hardware, while the big data/AI market is forecast to reach $1.03 trillion by 2030 and Snowflake’s Cortex Agents beat OpenAI’s embedding models by over 11%.

The AI hardware race is accelerating as companies pour money into specialized talent. AMD’s move adds AI software expertise to its chip portfolio, aiming to optimize models directly on its processors.

In August 2024, AMD acquired Finland‑based Silo AI for $665 million to enhance its AI capabilities. The global big data and artificial intelligence market is projected to be worth $1.0274 trillion by 2030. Snowflake’s Cortex Agents claim to exceed OpenAI's embedding model performance by more than 11% on various benchmarks.

AMD gains a team that builds custom AI solutions using big data, which could speed up deployment of AI workloads on its hardware. The market projection shows strong demand for integrated AI and data platforms, encouraging further investment in both chips and software. Snowflake’s benchmark claim signals intensifying competition in AI‑driven data retrieval, potentially pushing rivals to improve their own models.